All Forum Posts by: Adam Macias

 The real question is, why don't you like wholesalers?

 There's so many things to elaborate on for beginners and it's all dependent upon your current financial situation and how much time you are dedicated to this business. Stick with one method of acquiring leads but most important step is building a cash buyers list. Without cash buyers, it's very tough to even know if a deal is a deal. You'll use formulas that may not even matter. Some buyers pay 85%, some pay 70%, some want 60%. All want different property types and will buy in different areas. Talking to cash buyers is the best way to even get market knowledge of what is happening in Houston, TX. Most will tell you to focus on sellers but do that only after you have at least 20-50 solid buyers you know the criteria of. Then all you have to do is acquire what they're looking for.

 I would highly disagree. I made it into wholesaling working 50 hours a week as a barista 10 years ago.

 Wholesaling is the best way to get started and stay consistent with another version of "cash flow" once your business is going consistently. Tell us how it's been going!

 You don't have to worry about formulas then. Your buyers should tell you what they buy at. You'll have people in the 89%, 70%, 65%, 79%. I mean you'll have a general idea and sure anybody will take deals at 70% or below depending on repairs and location but your buyers criteria tells you all you need to know. Just get a property under contract below what they'd buy it at and you're good!

"This contract is assignable." in the additional provisions is all you need. However, I'm speaking in terms of wholesaling deals in Colorado. MLS listings are free and Jamil teaches this heavy with his Astro course so it's become insane popular the past two years. Man I do miss MLS before Astro no offense to Jamil.

You can do deals on the MLS it's just gotten way to difficult compared to sticking with direct to homeowner. Homeowners are not going to pester you with a million questions on if you're a wholesaler and getting a discount without other wholesalers daisy chaining your deal doesn't happen. Barely anyone else knows about the deal!

 This isn't against anyone in this thread but wow this did make me laugh out loud for real hahaha I was recently watching a video about ChatGPT so it was perfect timing.

 Ummm, I've yet to see that many active probate cases open at any one time. Probates usually last 3-6 months in terms of any assets being liquidated. In each county of my state I see 10-50 records at most with a property attached to the estate. What's your source for the data?

I only send handwritten letters to probates but I'd go with option B. if we're strictly talking cold calls because you do need to make enough calls to catch people in perfect timing. You don't have a list of "sellers". You don't know who may be in a situation to sell until they actually want to have a conversation. Cold calling is all about timing. I've had the worst tone, opening, script etc and still got deals all because it was just perfect timing. That's pretty much marketing 101 right there. lol

 I've yet to see a house for sale from OpenDoor work at a discounted enough price. They overpaid in the first place but hey, it is all about if you do have a buyer willing to pay that price. I've yet to see it in Colorado. Interesting to see if it works out.

 Which state are you doing business in? Wholesalers do the most transactions on a frequent basis and when you find a title company that understands assignments it's incredible because they value you. Best thing to do is simply Google "Title company in (city)" and look for the Escrow Officer's email and let them know your intentions.